Logo ofFesh Fash
Fesh Fash gets CMA nod on 75% capital increase via bonus issue
The Capital Market Authority (CMA) granted Fesh Fash Snack Food Production Co. the approval to increase its capital from SAR 11.3 million to SAR 19.78 million.
In the regulator’s statement, the authority said the increase will be carried out through the issuance of three bonus shares for every four held.
Eligible shareholders are those registered with the Security Depository Center (Edaa) by the end of the second trading day after the record date that will be determined later.
The capital increase will be financed by transferring SAR 8.48 million from the retained earnings balance, which will increase the number of shares from 11.3 million to 19.78 million.
The company’s extraordinary general meeting (EGM) shall be held within six months from this approval date and the company shall satisfy all regulatory requirements and applicable laws, said the regulator.
According to data available with Argaam, Fesh Fash board of directors recommended a 75% capital increase through a 3-for-4 bonus share issuance, to support the company’s growth plan and financial position.
Logo ofFesh Fash
Fesh Fash gets CMA nod on 75% capital increase via bonus issue
The Capital Market Authority (CMA) granted Fesh Fash Snack Food Production Co. the approval to increase its capital from SAR 11.3 million to SAR 19.78 million.
In the regulator’s statement, the authority said the increase will be carried out through the issuance of three bonus shares for every four held.
Eligible shareholders are those registered with the Security Depository Center (Edaa) by the end of the second trading day after the record date that will be determined later.
The capital increase will be financed by transferring SAR 8.48 million from the retained earnings balance, which will increase the number of shares from 11.3 million to 19.78 million.
The company’s extraordinary general meeting (EGM) shall be held within six months from this approval date and the company shall satisfy all regulatory requirements and applicable laws, said the regulator.
According to data available with Argaam, Fesh Fash board of directors recommended a 75% capital increase through a 3-for-4 bonus share issuance, to support the company’s growth plan and financial position.
